Oman earmarks US$4b for fleet expansion Oman's state shipping firm will spend up to US$4 billion in the next three to four years to expand its fleet size, a senior company official said, part of the sultanate's efforts to upgrade its oil industry.
Peacekeepers make Mogadishu thrive African Union peacekeepers have turned Somalia's biggest port into a thriving business centre providing a vital lifeline to war-weary residents.
Asian aframax rates expected to rise Asian afra- max charter rates may rise for a second week as shipowners seek higher fees because of increases in rates for supertankers and aframaxes in routes outside the region.
Transpacific Stabilization Agreement seeking to recoup fuel costs in contracts Ocean carrier discussion agreement proposes an increase of $400 per 40-foot container to West Coast ports.
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